Anonymous
29 October 2010 at 11:46

Memorandum of undertaking

I have querry on undertaking between shareholders of a Pvt. company when shares are bein transferred from one person to another. can anyone would like to tell me the format of such kind of undertaking....



Anonymous
29 October 2010 at 11:13

Net Profit u/s. 349 & 350

Pls. let me know what all expenses are to be considered, under the head all usual working charges, while calculating the Net Profit u/s. 349 & 350


pushpendra
28 October 2010 at 22:27

LLP

Pl. tell me that while selecting the name of LLP. Procedure for approval of name is same like Pvt. ltd. co. or it is different.
Like obecct or nown is must in pvt. ltd. co. is this is the same in LLP or not.

pl. elobrate

thanks in advance


Raj Kumar

Dear Sir,

the query is about a private limited company currently having "Publishers" as its main object but for the last 2-3 years, no business is carried on. The company is having the word "Publishers" in its name.Now the company wants to start a new business of "Manufacturing and trading of high fashion garments & made-ups including export thereof. i think ,for this purpose, the company would be required to do two things i.e. 1) Change its name to reflect its new main business and incorporate the new name in its MOA and articles and 2) to add the new business in the main business clause of MOA. Sir, Please guide step-by step about the detailed procedure to be followed including sample special resolutions to be passed at the board meeting and extraordinary general meeting and about the e-forms to be filed with ROC.
Further, we are also having a business under "other objects" of MOA i.e. " to carry on the business of manufacturers of and dealers in readymade garments of all kinds". Will the procedure be different in this case? Please do the needful at the earliest. Thanks and regards- Raj



Anonymous
28 October 2010 at 17:01

Section 4

Hi

IF A Pvt Ltd CO company holds 50% shares in B Pvt Ltd Co and 3/4 directors of A CO are directors of B Co, whether B will become subsidiary of A Co.??



Sabir B. Bavani
28 October 2010 at 16:07

Sec. 270 of the Companies Act,1956.

In case of incresing the share qualification amount in the articles, whether the director holding qualification shares at the time of alteration of articles is liable for the increased amount of share qualification or the increased amount applies only to new directors. The reason for this doubt is the judgement cited at the end according to which if at the time of alteration of articles, a director already holds qualification shares, a subsequent increase in amount of share qualification shall not be binding on the director. It seems to be illogical for me as i think that the altered articles apply to the existing directors also. Further, i tried to find the full content of this judgement but failed in that attempt. Kindly, guide me in that respect.
Judgement:- Molineaux v London Birmingham and Manchester Insurance Co. (1902) 2 KB 589 (CA).
Hoping for the earlieast reply.
Thanking u.
Sabir Bavani.



Anonymous
28 October 2010 at 15:30

Appointment of MD

HI,

Please guide me the process of appointment of MD in Pvt. Ltd. co, if the person is already director of that company.

Which resolution will be passed and in which meeting ?
What all forms are required to be filed with RoC ?
please provide me the Resolution rquired.


Shikha Anand
28 October 2010 at 14:49

Buy Back of Shares

Hi fellow colleagues

My Company is undergoing buy back process. Since this not a normal practice with companies so i wud want some guidance on this. Could you please tel me what shall be the after effect of buy back on my share capital? wil it be reduced?? I am confused with this.



Anonymous
28 October 2010 at 14:20

Wholly owned susidiart

An Indian Company has a WOS in Singapore.The WOS wants to change its constitution to an independent entity.In other words,it doesnot want to be a WOS anymore.

What are the formalities required for this purpose ?



Anonymous
28 October 2010 at 14:15

Partnership with a Foreign Company

Can an Indian Company enter into partnership with a foreign company ?






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